Another misleading ST article:
S'pore tops in innovation
"SINGAPORE was the most innovative nation in the world, while South Korea placed first among large countries, according to a study released on Monday by a manufacturing group.
The United States was eighth in the overall list of 110 countries and second in the subset of 20 large nations, said the report produced by the Washington-based National Association of Manufacturers (NAM) and the Boston Consulting Group.
The survey took into account two types of innovation output: new products or knowledge that is easily quantified; and new ways of doing business that result in higher quality and productivity."
What the article DOESN'T tell you (and that the National Association of Manufacturers does) is that:
- the study measures Innovation Leadership, not Innovation
- the study includes both business outcomes and governmental policies (e.g. tax incentives, immigration policies)
Sometimes, what is not said is more important than what is (even if no lies are told).
As the old joke goes, the King, on being told that a group of people were always seen speeding away from the scene of a fire, ordered them executed.
Turns out he exterminated the fire brigade.